Passive Income Streams for Artists Module 6 Art Licensing and Royalty Agreements

Описание: This module explores art licensing as one of the most powerful and scalable methods of generating passive income for artists. Licensing allows artists to retain ownership of their work while granting third parties (companies, publishers, manufacturers, etc.) the right to use their creations on products, media, or commercial platforms in exchange for royalties or flat licensing fees.
We dive deep into the various types of licensing, the structure of royalty agreements, negotiation best practices, contract clauses, red flags to avoid, pricing models, and platforms where artists can list or pitch their work for licensing deals.
Licensing transforms a single piece of artwork into a recurring revenue-generating asset applying it across hundreds or even thousands of products with no need to manufacture, market, or distribute the goods yourself.
Learning Objectives
By the end of this module, you will be able to:
Define art licensing and distinguish it from outright sales


Identify the different types of licensing (exclusive, non-exclusive, rights-managed, royalty-free)


Draft, evaluate, and negotiate licensing contracts with confidence


Understand how royalty payments work and what terms to monitor


List platforms and industries that commonly use licensed art


Know how to protect intellectual property in licensing deals


Scale licensing into a sustainable stream of passive income